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Save up to $1,500+ on Samsung’s Bespoke 4-door Flex smart refrigerators starting from $2,799, with bonus savings

It’s a great time to upgrade your kitchen with Samsung’s smart appliances, and one of the most important in the house has to be the refrigerator, with the brand now offering its Bespoke 29 Cubic-Foot 4-Door Flex Refrigerator for $2,799 shipped, along w...

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Embracer CEO Is Full Of Excuses

The past year or so has been a slow-moving trainwreck for Embracer Group, following the large company’s unprecedented studio acquisition spree. And, after announcing on April 22 that the company was planning to split itself up into three different comp...

Embracer Decides To Split Up, Names New Companies Things Like ‘Middle-earth Enterprises & Friends’

After a year of carnage following its unprecedented studio acquisition spree, Embracer Group going back to basics and doing what it does best: confusingly re-naming and re-arranging its portfolio. The Swedish holding company is splitting itself into th...

Embracer Brass “Confident,” Tried to “Save as Many Jobs as they Could” Insists Saber Boss

One of the big stories of the past year has been the collapse of Embracer Group, as the failure to secure a major $2 billion investment resulted in the company cutting loose several major studios, either by selling or shuttering them, and laying off 1,400 employees. One of the studios Embracer let go of was Saber Interactive, which was sold to new company Beacon Interactive for a relatively meager $247 million (Embracer originally paid $525 million for them). You’d think the head of Saber might be bitter about this, but instead the company’s founder Matthew Karch is still singing Embracer’s […]

Sources: Borderlands Studio Will Escape The Most Divisive Company In Gaming

Embracer bought Borderlands maker Gearbox Entertainment for $1.3 billion back in early 2021 amid an unprecedented acquisition spree that’s since turned into a financial disaster. Now, just three years later, Kotaku has learned that Gearbox is closer th...

Embracer Cancelled Nearly 30 Unannounced Games In Just 6 Months

Embracer Group, the proverbial grim reaper of video game acquisitions, has been wreaking havoc on the studios and IP it has acquired in the past few years. From layoffs across several companies to shutting down of beloved studios like Saints Row develo...

New Deus Ex Game Reportedly Canceled By *That* Gaming Company

Embattled gaming company Embracer Group has cancelled an in-development Deus Ex game that Eidos-Montréal was working on, according to a new report from Bloomberg. The untitled and unannounced RPG was reportedly in pre-production for two years and was s...

Kotaku’s Opinions For The Week November 18, 2023

Gamers are a passionate bunch, and we’re no exception. These are the week’s most interesting perspectives on the wild, wonderful, and sometimes weird world of video game news.Read more...

This Is What It Looks Like When A Massive Video Game Publisher Messes Up

This is Lars Wingefors, the CEO of Embracer, a Swedish holding company that owns multiple video game publishers, dozens of studios, and employs over 16,500 people. Or at least it used to. Embracer has been laying off hundreds, canceling projects, and c...

Embracer Shuts Down Saints Row Studio Volition After 30 Years

Volition, the studio behind Red Faction, Saints Row, and countless other games, is closing its doors after 30 years. The decision was made by parent company Embracer after the sprawling conglomerate announced cuts earlier this year following the loss o...

Report: Embracer’s $2 Billion Deal That Blew Up Was With Saudi Arabia

Embracer Group, the Swedish holding company that’s been buying up everything from Borderlands maker Gearbox Entertainment to the rights to The Lord of the Rings, saw its stock plummet earlier this year when a mystery $2 billion deal collapsed at the la...

Game Company That’s Buying Everything Does Heel Turn, Goes All In On ‘Exploiting Lord Of The Rings’

Embracer Group, a Swedish holding company, has spent the last several years buying up some of the best known studios from Gearbox (Borderlands) to Crystal Dynamics (Tomb Raider) and willing itself into becoming one of the biggest publishers in gaming. ...

Tag: lars wingefors

The Taiwan Semiconductor Manufacturing Company (TSMC) has assured that it is committed to complying with all regulations that prohibit it from selling chips to and having business dealings with Chinese technology giant Huawei. Huawei is forbidden by US law to acquire high end chips that are manufactured using US origin technologies, and TSMC's comments came in response to a report that claimed that the firm was being investigated by the US for having ties to Huawei. The purported investigation is being headed by the Commerce Department, and it covers TSMC's artificial intelligence and smartphone chips. TSMC Assures It Will Take […]
"It’s been a long time coming, and I think it’s going to be very meaningful."

Embracer CEO Is Full Of Excuses

The past year or so has been a slow-moving trainwreck for Embracer Group, following the large company’s unprecedented studio acquisition spree. And, after announcing on April 22 that the company was planning to split itself up into three different comp...

Embracer Decides To Split Up, Names New Companies Things Like ‘Middle-earth Enterprises & Friends’

After a year of carnage following its unprecedented studio acquisition spree, Embracer Group going back to basics and doing what it does best: confusingly re-naming and re-arranging its portfolio. The Swedish holding company is splitting itself into th...

Embracer Brass “Confident,” Tried to “Save as Many Jobs as they Could” Insists Saber Boss

One of the big stories of the past year has been the collapse of Embracer Group, as the failure to secure a major $2 billion investment resulted in the company cutting loose several major studios, either by selling or shuttering them, and laying off 1,400 employees. One of the studios Embracer let go of was Saber Interactive, which was sold to new company Beacon Interactive for a relatively meager $247 million (Embracer originally paid $525 million for them). You’d think the head of Saber might be bitter about this, but instead the company’s founder Matthew Karch is still singing Embracer’s […]

Sources: Borderlands Studio Will Escape The Most Divisive Company In Gaming

Embracer bought Borderlands maker Gearbox Entertainment for $1.3 billion back in early 2021 amid an unprecedented acquisition spree that’s since turned into a financial disaster. Now, just three years later, Kotaku has learned that Gearbox is closer th...

Embracer Cancelled Nearly 30 Unannounced Games In Just 6 Months

Embracer Group, the proverbial grim reaper of video game acquisitions, has been wreaking havoc on the studios and IP it has acquired in the past few years. From layoffs across several companies to shutting down of beloved studios like Saints Row develo...

New Deus Ex Game Reportedly Canceled By *That* Gaming Company

Embattled gaming company Embracer Group has cancelled an in-development Deus Ex game that Eidos-Montréal was working on, according to a new report from Bloomberg. The untitled and unannounced RPG was reportedly in pre-production for two years and was s...

Kotaku’s Opinions For The Week November 18, 2023

Gamers are a passionate bunch, and we’re no exception. These are the week’s most interesting perspectives on the wild, wonderful, and sometimes weird world of video game news.Read more...

This Is What It Looks Like When A Massive Video Game Publisher Messes Up

This is Lars Wingefors, the CEO of Embracer, a Swedish holding company that owns multiple video game publishers, dozens of studios, and employs over 16,500 people. Or at least it used to. Embracer has been laying off hundreds, canceling projects, and c...

Embracer Shuts Down Saints Row Studio Volition After 30 Years

Volition, the studio behind Red Faction, Saints Row, and countless other games, is closing its doors after 30 years. The decision was made by parent company Embracer after the sprawling conglomerate announced cuts earlier this year following the loss o...

Report: Embracer’s $2 Billion Deal That Blew Up Was With Saudi Arabia

Embracer Group, the Swedish holding company that’s been buying up everything from Borderlands maker Gearbox Entertainment to the rights to The Lord of the Rings, saw its stock plummet earlier this year when a mystery $2 billion deal collapsed at the la...

Game Company That’s Buying Everything Does Heel Turn, Goes All In On ‘Exploiting Lord Of The Rings’

Embracer Group, a Swedish holding company, has spent the last several years buying up some of the best known studios from Gearbox (Borderlands) to Crystal Dynamics (Tomb Raider) and willing itself into becoming one of the biggest publishers in gaming. ...

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